What is the opening balance equity in my chart of accounts and where did the dollar amount come from?

Hi leahjohnson286-g,

It's fantastic to have new members join the QuickBooks Community. It's a great place to find answers. I can explain what that Opening balance equity account is.

Entries into QuickBooks Online are double entries, and each entry has a debit and a credit. When you enter an opening balance in an account such as your bank, the other half of the transaction posts to the opening balance equity account, you can review these two articles that explain this in further detail: 

• What's an opening balance?
• Enter an opening balance for an account in QuickBooks Online

Of course, if you have questions, you can reach back out, and I'd be happy to help you with them. Have a great evening!